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Jan 19 2022 05:54pm
Curious if anyone else here is into numismatics or precious metals
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Jan 19 2022 09:40pm
I prefer to own the actual minerals in the ground. Streamers like WPM or FNV pay upfront capital to miners, who use it to expand mines, in exchange for a percentage of the gold/silver stream. Silver in particular is often found as a byproduct of other mining activities, so silver streamers will pay up front mining costs and receive the silver byproduct at a steep discount.

The benefit is that you own a company that is directly exposed to precious metal prices, which you want for diversification/safety, but which operates at a profit, consistently expands its portfolio (i.e. you own more and more of the metals in the ground), and pays a cash dividend for your trouble.

I don't like owning it directly because it's a pain to store and protect, and you earn nothing while it sits in your improvised fortress of a basement. If you want something in event of a complete societal collapse, I'd rather stockpile guns, ammo, land, liquor, and tobacco. That's what's going to be in demand when the zombies come.
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Jan 20 2022 04:03am
YouTuber wrapper stackers has excellent content about this topic
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Jan 20 2022 05:02am
Quote (bogie160 @ Jan 19 2022 10:40pm)
I prefer to own the actual minerals in the ground. Streamers like WPM or FNV pay upfront capital to miners, who use it to expand mines, in exchange for a percentage of the gold/silver stream. Silver in particular is often found as a byproduct of other mining activities, so silver streamers will pay up front mining costs and receive the silver byproduct at a steep discount.

The benefit is that you own a company that is directly exposed to precious metal prices, which you want for diversification/safety, but which operates at a profit, consistently expands its portfolio (i.e. you own more and more of the metals in the ground), and pays a cash dividend for your trouble.

I don't like owning it directly because it's a pain to store and protect, and you earn nothing while it sits in your improvised fortress of a basement. If you want something in event of a complete societal collapse, I'd rather stockpile guns, ammo, land, liquor, and tobacco. That's what's going to be in demand when the zombies come.



The coins for me are more of a flipping game, reselling etc
Ive done fairly well with it and its just an interesting hobby

I know alot of people say metals are outdated or whatever and obsolete for investing but its still cool holding a goin coin from Athens lol
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Jan 20 2022 06:28pm
Lately people only want the metal itself because end of the world :tinfoil hat: and don’t care about unique or more expensive coins
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Jan 20 2022 06:51pm
Quote (KRR @ Jan 20 2022 07:28pm)
Lately people only want the metal itself because end of the world :tinfoil hat: and don’t care about unique or more expensive coins



Alot of people have gotten onto metals for that lately yes
But theres still a huge community for rare collectible stuff
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Feb 3 2022 03:10am
i collect ancient coins
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Feb 4 2022 08:23am
I got a few dozens of napoleons from 19th century and some silver coins too
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